David Rapp

Private equity firm Elevation Partners, which counts U2 frontman Bono as a founding partner, has acquired a minority stake in the family-owned media giant Forbes.

Private equity firm Crestview Partners, in an unusual intramural move, has reached a deal to acquire bank Comerica’s investment management firm Munder Capital for $302m.

Canadian private equity firm Genuity Capital has acquired the Front Porch Digital broadcast archive division of US IT company Incentra Solutions for $38m, in a deal structure that includes future royalty payments.

In the wake of the arrest of a rival bidder, US distressed private equity firm MatlinPatterson has acquired Italian fashion house Cerruti from troubled Italian textile and apparel conglomerate Fin.part, according to reports.

Kohlberg Kravis Roberts announced that it has hired Hisashi Hosokawa, a former Shinsei advisor as well as a former vice minister at Japan’s Ministry of International Trade and Industry, to be a senior advisor for KKR in Japan.

A group of Italian and US financial institutions, including JP Morgan’s private equity arm One Equity Partners, has agreed to buy a stake in Pirelli Tyre for €740 million.

Bob Dahl, the co-head of Carlyle’s healthcare buyout team and a managing director for seven years, has left the firm “to explore some different options,” according to a Carlyle spokesman.

The private equity firm has agreed to buy venture-backed Israeli software company Ex Libris for $62m, according to an Israeli newspaper.

WatchGuard Technologies, a Seattle-based maker of internet security software and hardware, and private equity firm Francisco Partners have reached a deal for the private equity firm to buy WatchGuard for $151 million (€119.7 million) in an all-cash transaction. Under the terms of the agreement, WatchGuard shareholders will receive $4.25 for each share of WatchGuard’s common stock. Wachovia […]

The Menlo Park, California-based PE firm has reached an agreement to acquire WatchGuard Technologies, an internet security software and hardware developer, for $151m in cash.